Deals & Client Wins Maples Delivers the First Cayman Islands DIP Finance Scheme of Arrangement
09 Nov 2018
The injection of finance meant that an imminent fire sale of the underlying collateral (a Marshall Islands flagged drill ship) was avoided and creditors have been given the chance of achieving a better return in the future. This is one of the first times a scheme has been used to provide DIP rescue finance and may signal the start of a new trend in light of the Noble decision from the English High Court which followed hot on the heels of Schahin.
The Cayman Islands team was led by partner Caroline Moran and of counsel Nick Herrod, with associates Christian La-Roda Thomas and Ryan Hallett.
The US team was led by partner Tim Graulich and associates Stephen Piraino and Natasha Tsiouris of Davis Polk & Wardwell LLP.
The Maples Group is pleased to announce a number of new leadership appointments following its biennial management elections.Read more
04 Dec 2019
Earlier this month, Maples and Calder, the Maples Group's law firm was honoured to win two prestigious awards at the annual HFM Asia Services Awards and China Offshore Awards.Read more
29 Nov 2019
Maples and Calder, the Maples Group's law firm was pleased to advise Alibaba Group Holding Limited on its recent global offering of 500,000,000 shares and its listing on the Hong Kong Stock Exchange. The offering is the largest in Hong Kong since 2010.Read more
22 Nov 2019
Three partners from Maples and Calder, the Maples Group's law firm, have been recognised by Bloomberg Tax & Accounting in their 2019 author awards for international tax.Read more
18 Nov 2019
The Maples Group has announced the appointment of a number of strategic hires to its team in the Cayman Islands to provide specialist services to a broad range of structured finance transactions and special purpose vehicles.Read more
18 Nov 2019
IFLR1000 has released its 2020 financial and corporate law rankings and Maples and Calder, the Maples Group's law firm, has achieved top tier rankings across its international offices.
14 Nov 2019